ENHANCEMENT OF CAPITAL ADEQUACY OF BANKS.

SEC. 304. ENHANCEMENT OF CAPITAL ADEQUACY OF BANKS. Subsection (c) of section 4.3 (12 U.S.C. 2154(c)) is amended to read as follows: “(c) Each bank shall have on hand at the time of issuance of any note, bond, debenture, or other similar obligation and at all times thereafter maintain, free from any lien or other pledge, notes and other obligations representing loans made under this Act or real or personal property acquired in connection with loans made under this Act, obligations of the United States or any agency thereof direct or fully guaranteed, other bank assets (including marketable securities) approved by the Farm Credit Administration, or cash, in an aggregate value equal to the total amount of notes, bonds, debentures, or other similar obligations outstanding for which the bank is primarily liable.”.